Read if you want to avoid foreclosure in Boston

I Own A Home In Boston And Owe On My Mortgage Loan, But I Want To Get Rid Of It!

 stop foreclosure fast 2115

Get Your Boston, Massachusetts Property – Sold Now!

Late on mortgage loan? Late on your house loan…Look at this post for several tips on what you can do to prevent and avoid foreclosure.

When you go into default on your mortgage loan payments on your Boston, Massachusetts home, it can feel like you’re drowning in debt.

Seriously… not only do you have to cover this month’s bill, but now you have to find a way to play catch-up and it ain’t like all the other bills in life just stop coming. If anything… when you are behind it just feels like even more bills come out of the woodwork.

If you are significantly behind on home loan payments there are a few options that can help you to avoid foreclosure in Boston, Massachusetts maybe even keep your property. So many Boston homes have been taken via foreclosure, but there are several ways to avoid it.

1. Chapter 7

Ordinarily, this is the last thing you want to do. If you’re being crushed by lots of debt, bankruptcy can be a great way to negotiate with lots of lenders at once. It will not make your house loan disappear altogether, but it will put you on a path to eventually walk away. You wouldn’t come out unscathed, but you will survive. Different creditors will treat your situation in different ways. If you are considering bankruptcy, our advice would be to get professional help.

2. Reaffirm

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen penalties. If you reaffirm your commitment to make your mortgage payments, you have to make your payments. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned off.

3. MHA Program

If your house loan qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders can choose to participate in MHA or not.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. If you are unemployed, you might be able to get your home loan payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. It is not free money, you gotta work for it.

4. Bargain with your bank

Most lenders offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your home loan payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

If there is even the slightest chance that lenders can make money from your situation they’ll steer you towards refinancing. If you can afford it, and all you are looking for is a temporary break from mortgage payments then this could work. But… just be aware that ordinarily by the time that you’re several payments behind you won’t qualify for a lower interest rate which is where the long term home loan savings are.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. No matter what happens, don’t be rude. It truly is a balancing act. Ask for help from anyone in a position to help, but do not be critical. Reassure the bank that you want to live in your house long term and explain the situation and provide supporting documentation.

If you sincerely want to stay in your Boston home and make “nice” with the bank, just tell them. Your mortgage provider is exceptionally flexible as long as you are willing to work with them. Sometimes they will be willing to add a handful of months of home loan payments back onto the balance of your loan. It is all about the bottom line with them, so remind them that you need a little bit of their patience to give them a lot more money over the long run. Accepting an enormous loss is not on the agenda for the loan providers. They don’t want to foreclose on you because they know that if they come to terms with you they’ll earn an enormous profit in the end.

The logic is sound and based on facts, but occasionally the bankers get trapped in the emotion of the circumstance and overlook that. Help remind them.

5. Contact a Boston, Massachusetts investor

Glymph Properties will help if you’re behind on your payments and need to sell your Boston, Massachusetts property. If you don’t want to go into foreclosure but just need a little help, in some instances we can help you.

Glymph Properties work with house owners in Boston, Massachusetts to find solutions to prevent foreclosure.

Give us a call and we’ll see what we can do for you!


If you have to get rid of a property near Boston, Massachusetts, we should be able to help you. We buy homes in Boston, Massachusetts like yours quickly.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our site today-!

We are glad to help you find answers to your most challenging questions regarding selling a property very fast in Boston, so please give us a ring at 888-509-6267 Ext 4 and chat with us 24/7/365.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Fair Cash Offer

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We buy houses in: 02108, 02109, 02110, 02111, 02113, 02114, 02115, 02116, 02118, 02119, 02120, 02121, 02122, 02124, 02125, 02126, 02127, 02128, 02129, 02130, 02131, 02132, 02134, 02135, 02136, 02199, 02205, 02210, 02215.


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